Platts makes changes to European ETBE MOC maximum increments

Effective April 20, 2020, S&P Global Platts has amended its Europe petrochemicals increment guidelines for the European ETBE Market on Close assessment process.

Platts has changed the maximum outright price increment and maximum price spread increment for manual ETBE FOB AR bids and offers to $1/mt per 1 minute to align with guidelines for the MTBE manual window environment.

The minimum increment of $0.25/mt per 1 minute remains unchanged.

Platts launched a formal consultation into these guidelines on December 17, 2019 in a subscriber note available here: plts.co

Platts extended the feedback period for ETBE increments on January 31, 2020 in a subscriber note available here: plts.co

Platts outlined changes to the guidelines on March 24, 2020 in a subscriber note available here: https://bit.ly/3ejzYTI

In a separate subscriber note, Platts has launched Northwest European ETBE barges loading FOB basis Amsterdam-Rotterdam and ETBE spread differentials to MTBE in the eWindow communication tool for its Market on Close assessment process, also effective April 20, 2020. In eWindow, increments for ETBE bids and offers may be improved by up to $1/mt every 20 seconds. This aligns with guidelines for the MTBE electronic window environment.

Platts petrochemicals timing and increment guidelines can be found at: plts.co.

For comments or queries, please contact petchems@spglobal.com and pricegroup@spglobal.com.

Please provide a clear indication if written comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.